Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Monday, February 9, 2009

Taking all the fun out of Stimulation, even when we're still paying for it anyways.

It just dawned on me what bugs me most about the stimulus package. I would much rather see congress give out 300, three billion dollar stimulus checks over a years time, then do it all at once. Suddenly the flaw of the stimulus program is exposed.

300, three billion dollar stimulus checks would be the equivalent of two a day if we factor in how many days a year congress is actually in session. Um, maybe even three a day! Clearly it would take congress a week to two weeks to approve each 3 billion dollar check, and if one factors in that some bills won't be approved right away, we see that congress can only give away so much money, so fast, and do it in a responsible fashion.

Why can't all the stimulee's out there make a case as to why their program deserves immediate attention. and money? Why can't all the projects that might be eligible for funding get their project in order in a coherent, realistic and rapid manner as soon as possible so they can get their cut? Why can't stimulus equal incentive?

Are we possibly headed for a situation where the government will be so anxious to hand out money that they will practically be begging organizations to take the money and run? We should be grateful that car sales are down 40%. Why do we want people buying old school gasoline technology when we should be spending money fast tracking lighter weight transportation that also converts the suns rays to battery power?

I am intrigued by the UCLA plastics / photovoltaic research currently going on. The UCLA photo voltaic plastics research program could actually be a cornerstone towards any new breakthrough in weaning americans off of gasoline.

People need to survive on less money right now so that science and industry can maneuver society towards superior modes of transportation. This is why allocating all of that stimulus money all at once is not the way to go. Let society come forward with their proposals. Governments need to call a time out when it comes to taxation and interest rate charges being assessed on their own citizens.

Instead of figuring out ways to loan citizens more money, lets figure out ways to get people to reduce the debt they already owe without just writing it off as a bad debt. Let the people of this country help guard the stimulus package money. Calling a credit card interest rate time out for all americans interested in paying down their debt would require that bankers sit on their assets and not continue to charge outrageous interest rates on the one trillion in credit card debt.

Perhaps UCLA comes forward and asks for 250 million dollars in research for their photo voltaic plastics research projects. Would it be so bad to hire two hundred and fifty out of work people, pay them a stipend of 3,000 a month, and have their job be to monitor how that 250 million dollars is being spent? Some may say, well that's only one new job per million dollars. Wrong, that is just one job to help supervise the spending of each million dollars.

UCLA would be spending to purchase materials, conduct tests, have prototypes made, etc. The end result could be closer to one new job for every 100,000 dollars spent. That is probably an acceptable ratio, and the end result will then feed Michigan with entire new types of vehicles to build.

This is the type of cross pollination that needs to be going on. Use the Western Sun to accelerate plastic photovoltaic research, then use that technology in Michigan to create jobs for the new age of cars. Trying to revive a tired old economic system all at once will reduce money that could be going towards real progess.

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